Following a spate of departures, AXA and reinsurer SCOR are the latest members of the Net-Zero Insurance Alliance (NZIA) to confirm their exit from the group.
In a statement issued yesterday (25 May), founding member AXA confirmed it would depart to focus on its own climate ambitions, according to reports. Meanwhile, chief executive of SCOR, Thierry Léger announced the French reinsurer was also departing NZIA during its Annual General Meeting yesterday, as did Germany insurance giant, Allianz. COVER has requested comment from AXA and SCOR. According to reports in Financial Times and Reuters, NZIA members have received communications from US politicians among the Republican party warning that the alliance's climate goals were in conflict ...
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